Saturday, August 21, 2010

Anticipating International Growth, Delta to Re-Hire Flight Attendants

Delta Air Lines CEO Richard Anderson said the airline will re-hire flight attendants from its furlough pool as it anticipates growth on its international routes.

In a message to employees, Anderson said the number of flight attendants who would be re-hired isn't yet known. He added that the airline, which is now the world's largest after the assimilation of Northwest Airlines, needed "a lot of folks with language skills." He said training would start in January. Here's a link.

Delta waited till Wall Street mostly went off to the Hamptons on Friday to drop this announcement.

That's because the pitiful souls who trade in airline stocks tend to get the heebie-jeebies whenever an airline indicates that it will not continue shrinking seating capacity and might even be considering growth.

On Monday, Delta posted a better-than-expected profit of $467 million for the second quarter -- compared with a loss of $257 million in the second quarter of 2009. Delta's revenues rose 19 percent, but Wall.Street.Demands.More.

So shares fell this week. Delta shares closed Friday at $10.53, down from $11.50 at the beginning of the week.


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